IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2ND DAY OF APRIL 2019 BEFORE THE HON’BLE MR. JUSTICE ALOK ARADHE WRIT PETITION NO. 60002/2014 (GM-KSFC) BETWEEN:
MYSORE TISSUES (PVT) LTD A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE INDIAN COMPANIES ACT 1956 HAVING ITS REGISTERED OFFICE AT NO.5, VIVEKANANDA ROAD MYSORE-570020 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE MR G C LOHIA S/O LATE MR LAKSHMINARAYAN LOHIA AGED ABOUT 87 YEARS RESIDING AT NO. 5 VIVEKANANDA ROAD MYSORE-570020 (BY SRI. C K NANDAKUMAR, ADV.) AND ... PETITIONER 1. KARNATAKA STATE INDUSTRIAL AND INVESTMENT CORPORATION LTD (KSIIDC) KHANIJA BHAWAN, RACE COURSE ROAD BANGALORE-560001 REPRESENTED BY ITS ASSISTANT GENERAL MANAGAER (LEGAL) 2. KARNATAKA STATE FINANCIAL CORPORATION (KSFC) NO. 1/1, THIMMAIAH ROAD BANGALORE REPRESENTED BY ITS ASSISTANT GENERAL MANAGAER (LEGAL) 3. STATE BANK OF INDIA REGIONAL H O (SBI) ST MARKS ROAD BANGALORE-560001 REPRESENTED BY ITS CHIEF MANAGAER 4. INDUSTRIAL INVESTMENT BANK OF INDIA (IIBI) FORMERLY INDUSTRIAL RECONSTRUCTION BANK OF INDIA (IRBI) BRANCH OFFICE AT N-603 6TH FLOOR, MANIPAL CENTER NO. 47, DICKENSON ROAD BANGALORE-560042 REPRESENTED BY ITS DEPUTY GENERAL MANAGAER 5. DUNFORD FABRICS LTD REP BY ITS LIQUIDATOR 12TH FLOOR, RAHEJA TOWERS M G ROAD, BANGALORE 6. M/S MGM INVESTMENT NO.17, 4TH MAIN, J L PURAM MYSORE-570016 REPRESENTED BY ITS PROPRIETOR 7. M/S VST TILLERS TRACTORS LTD P B NO. 4801, WHITE FIELD ROAD MAHADEVAPURA POST BANGALORE-560048 REPRESENTED BY ITS MANAGING DIRECTOR 8. THE SUB REGISTRAR OFFICE OF THE SUB REGISTRAR NANJANGUD-571301 MYSORE DISTRICT KARNATAKA (BY SRI. P. S. MANJUNATH & SRI. T. P. VIVEKANANDA, ADVS. FOR R1 SRI. BIPIN HEGDE, ADV. FOR R2 SRI. A. RAVISHANKAR, ADV. FOR R3 ... RESPONDENTS SMT. REVATHI ADINATH NARDE, ADV. FOR R5 SRI. SAJI P. JOHN & SMT. RAJASHREE. B, ADVS. FOR R6 SRI. SIDDARTHA S. G., ADV. FOR R7 SRI.V. SHIVAREDDY, HCGP FOR R8 R4 SD. & UNREPTD) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE ORDER DTD.27.3.2012 IN C.A.NO.552 OF 2009 IN COP NO.83 OF 1997 PASSED BY THIS HON'BLE COURT, VIDE ANNEX-M AS AGAINST THE PRINCIPLES OF NATURAL JUSTICE, VOID AND INOPERATIVE, AND ETC.
THIS WRIT PETITION COMING ON FOR PRELIMINARY HEARING IN ‘B’ GROUP THIS DAY, THE COURT MADE THE FOLLOWING:
O R D E R Learned counsel for the petitioner has filed a memo seeking leave of the Court to withdraw the writ petition with liberty to take recourse to the appropriate remedy as may be available to the petitioner under law..
2. Memo is taken on record. Accordingly the writ petition is disposed of with liberty as prayed for.
3. Needless to state that the petitioner shall be entitled to the benefit of Section 14 of the Limitation Act.
Sd/- JUDGE RD